– Ebay broke resistance level 62.00
– Likely to rise to the resistance level 66.00
Ebay continues to rise sharply after breaking through the resistance level 62.00 and the resistance trendline of the narrow daily up channel from May.
The breakout of the resistance level 62.00 should accelerate the active impulse waves iii, 5 and (3).
Given the clear daily uptrend, Ebay can be expected to rise further to the next resistance level 66.00 (target price for the completion of the active impulse wave (3)).
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